Friday 9 December 2016
 
»
Tag
 
»
Opec

Saudi leads positive regional markets

All of the regional markets ended their trading activity over the course of last week in the positive territory with Saudi Arabia leading with a rise of 4.37 per cent, while breaking its 7,000-resistance level, a report said. The

More…

Brent soars above $52 after Opec deal

Oil prices soared today following a decision by Organization of the Petroleum Exporting Countries and Russia to cut output in a bid to boost oil price. US crude oil gained 9 percent to reach $50 a barrel for the first time since l

More…

Brent soars above $52 after Opec deal

Oil prices soared today following a decision by Organization of the Petroleum Exporting Countries and Russia to cut output in a bid to boost oil price. US crude oil gained 9 percent to reach $50 a barrel for the first time since l

More…

Opec strikes 'deal on first production cut in 8 years'

The Organization of Petroleum Exporting Countries has reached a deal to cut production by 1.2 million barrels per day (bpd) - its first output cut since 2008 - to clear a record global crude glut, said a report, citing sources. Op

More…

Opec deal to speed up oil market recovery, says Saudi

Saudi Arabia is optimistic that the Opec’s (Organization of the Petroleum Exporting Countries) deal to curb oil output to 32.5 million barrels per day (bpd) will speed up the (market) recovery and benefit producers and consumers, said a re

More…

Solar power growth likely to hit oil demand

With solar power now available at $3 cent/kWh, equivalent to oil at $5/barrel, continued investment in oil and gas exploration  would be feasible only with if new projects could output energy at less than $5 a barrel, a report said.

More…

Oil prices surge to 4-month high on Opec deal

Oil prices hit a four-month high on Tuesday as investors felt increasingly optimistic about the ability of Organisation of the Petroleum Exporting Countries (Opec) to reach a deal on its first output freeze in eight years. Brent c

More…

Oil sinks despite Opec output cut plan

Oil prices dropped from $50 per barrel on Monday despite an agreement last week by exporters to cut output, a report said. Brent crude futures LCOc1 were trading down 25 cents, or 0.5 per cent, at $49.94 per barrel at 0205 GMT, ad

More…

Oil sinks despite Opec output cut plan

Oil prices dropped from $50 per barrel on Monday despite an agreement last week by exporters to cut output, a report said. Brent crude futures LCOc1 were trading down 25 cents, or 0.5 per cent, at $49.94 per barrel at 0205 GMT, ad

More…

Opec hopes to keep a floor on oil prices

Facing the prospect of another sharp fall in oil prices, Opec has finally put forward a measure that they hope will keep a floor on oil prices until the next demand season arrives, said Barclays in a new report. Based on media rep

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads